COST OF THE WAR.
GERMANY’S VAST, DEBT, ■ . r 40,000 MILLIONS STERLING. Paris, July 31. M. Plots, Minister of Finance, informed - the Peace Committee of the Chamber of Deputies that the total oAving by Germany, including the cost of the war, was over 1,000,000,000,000 francs (roughly* 40,000 millions sterling), implying, with 5 per cent. • interest during seventyfive years*-liquidation, nearly tAviee that amount. The Allies thought Germany’s- resources would make that payment-'impossible, but had #iot declared Germany’s inability to pay the cost of the Avar and the principal debt established by the Treaty, under which the Germans must pay-pensions allowances and reparations. It would have been dangerous to fix the net total, OAving to fluctuations in values. The figures, however, could be settled by May, 1921.
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Manawatu Herald, Volume XLI, Issue 2011, 5 August 1919, Page 3
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124COST OF THE WAR. Manawatu Herald, Volume XLI, Issue 2011, 5 August 1919, Page 3
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